Kuwait Revokes Billionaire Mahmoud Haidar's Citizenship.. Who Is He and What Is the Size of His Investments?

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The name of businessman Mahmoud Haidar topped a list of 415 individuals against whom decrees have been issued to revoke Kuwaiti citizenship, according to what was published in the official newspaper "Kuwait Today."

Mahmoud Haidar's name has been associated with money, politics, media, and Iran, while today he faces a different path, transitioning from circles of influence and decision-making to the circle of accusation, following the issuance of a Kuwaiti decree to revoke his citizenship and that of those who acquired it with him by dependency, according to a decree based on Article 21 of the Nationality Law.

In the case of Mahmoud Haidar, investigations, as reported in published reports, speak of forgery and impersonation of a Kuwaiti citizen.

According to what has been attributed to the investigations, the original name is Mahmoud Haji, who is of Iranian nationality before his name became associated with the identity of Mahmoud Haji Haidar Abdullah as a Kuwaiti citizen.

The Public Prosecution has taken precautionary measures affecting his bank accounts, funds, properties, and investments linked to him and his family.

His wealth is estimated at around one billion dollars according to published estimates, and his name is associated with extensive investments and interests in financial, health, and media sectors.

Mahmoud Haidar is a businessman born in 1946, known as the founder and chairman of the Emerald Holding Company. He has emerged as one of the prominent investors in Kuwait through investments that extend to the sectors of finance, real estate, energy, healthcare, and media, with his name historically linked to shares in several Kuwaiti companies and institutions.

Investigations will reveal what will happen and the fate of these assets and investments.

The official newspaper in Kuwait published, on Sunday, 6 decrees to revoke Kuwaiti citizenship from 415 individuals, with the first decree stating the revocation of citizenship from 6 individuals and those who acquired it through dependency, based on Article (21 repeated "A") of the Amiri Decree No. 15 of 1959 and the amended laws, according to the newspaper "Asharq Al-Awsat."

The second decree stipulated the revocation of citizenship from 286 individuals, as well as from those who acquired it through dependency, while the third decree stipulated the revocation of citizenship from 14 individuals.

The fourth decree stipulated the revocation of citizenship from 25 individuals and from those who acquired it through dependency, while the fifth decree stipulated the revocation of citizenship from 41 individuals, and from those who acquired it through dependency. The sixth decree also stipulated the revocation of citizenship from 43 individuals and from those who acquired it through dependency.